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  • Level 1 Level 1 Level 1 Code Level Sequence Number Mandatory Mandatory Mandatory

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    HAMMADHR
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    The document contains a summary of an exception found during an account opening process. It notes that the branch did not obtain an undertaking from the district manager to inform the bank of any changes to authorized signatories for the account. It also provides the exception code, risk rating, and identifies it as an operational and process/procedure gap. It recommends corrective action be taken and identifies it as a significant finding.

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    kk

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    Standard_Observation_Library

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    The document contains a summary of an exception found during an account opening process. It notes that the branch did not obtain an undertaking from the district manager to inform the bank of any changes to authorized signatories for the account. It also provides the exception code, risk rating, and identifies it as an operational and process/procedure gap. It recommends corrective action be taken and identifies it as a significant finding.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
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    4 views9 pages

    Level 1 Level 1 Level 1 Code Level Sequence Number Mandatory Mandatory Mandatory

    Uploaded by

    HAMMADHR
    The document contains a summary of an exception found during an account opening process. It notes that the branch did not obtain an undertaking from the district manager to inform the bank of any changes to authorized signatories for the account. It also provides the exception code, risk rating, and identifies it as an operational and process/procedure gap. It recommends corrective action be taken and identifies it as a significant finding.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 9

    Level 1

    Level 1 Level 1 Code Level Sequence Number


    Mandatory Mandatory Mandatory
    Account Opening 3 1
    Level 2
    Level 2 Level 2 Code Level 2 Sequence Number Risk Rating
    Mandatory Mandatory Mandatory
    Account Opening 301 1 High
    (Corporate)
    Level 3
    Exception Category Observation Type Level 3 Level 3 Code Level 3 Sequence Number
    Mandatory Mandatory Mandatory
    Process/Procedure Gap Account Opening 0301025 1
    Exception Text
    Mandatory
    Branch has not obtained an Undertaking by District Manager – SRSO to inform the Bank
    immediately about any change in Authorized Signatories to Account/ General Body / Bylaws of
    VO / LSO.
    Exception Code Risk rating ReportBanke Risk Type Observation Type Key Observation
    Mandatory
    E-0301025.007 High Yes Operational Process/Procedure Gap Yes
    Level 4
    Recommendation Corrective Action Sample Calculation Method RectifiBanke Significant Finding

    Exceptions from EP Sample Yes Yes


    Level 4
    Leakage of Income Exception Type Verification Percentage

    Unchecked Exceptions from EP Sample


    Level Reference Control Gap
    Control Gap Sub-Category Fraud and Forgery EDP Classification Diary Criteria Pledge Stocks

    No No

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